Ipswich Building Society Smart Save Monthly Issue 2
|Branch access||Online account||Minimum saving amount||Maximum saving amount||Interest paid|
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Ipswich Building Society customer satisfaction scorecard:How do we work this out?
|Clarity of statement||Interest rate information||Regular contact||Customer service||Overall customer score|
|Minimum saving amount||£10|
|Maximum saving amount||£500|
|Minimum initial deposit||£10|
|Restricted locations note||This product is only available to existing members or new applicants resident in our local postcode areas IP, NR, CO, CM, CB and PE|
|Existing customer note||N/A|
|ISA transfers allowed||No|
|Minimum regular monthly deposit||£10|
|Maximum regular monthly deposit||£500|
|Withdrawals note||Two withdrawals per anniversary year|
|Notice period||0 days|
|Account fee charged||N/A|
|Part of FSCS||Yes|
|FSCS note||The first £75,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £75,000 protection is across all the companies sharing the licence, not each individual company.|
|Interest paid||On anniversary|
|Interest paid type||Compound|
|Introductory bonus note||N/A|
|Conditional bonus note||2.50% fixed bonus added on account anniversary subject to 11 payments received in account year. Bonus is calculated on payments made in anniversary year only|
|From (£)||To (£)||AER including bonus (%)||Bonus rate (%)||AER excluding bonus (%)||Interest type|